The pattern seems pretty self explanatory. BB bands have narrowed similarly in the past three Quarters before earnings. Will the future look exactly like the past? Well it might not repeat, but often rhymes. NOT ADVICE - Please use trailing Stop Losses.
he stock is coming to test it's weekly support level zone. A weekly closing above 165 can bring more bullish momentum. This is not a BUY/SELL recommendation. This idea is for EDUCATIONAL purpose only. Study & Earn
TCS in A Very Bullish zone. Breakout of Last month resistance & retested the previous levels. Above 50 ema & bounce back . Plan for a swing Trade for good results.
USDJPY stays mildly bid around 161.00 early Monday as traders await the key US data/events scheduled for release during the week. In doing so, the Yen pair defends the previous three-week uptrend while approaching the highest level since 1986, marked the last week, by being within a fortnight-long bullish trend channel. It’s worth noting, however, that the nearly...
Monthly structure v good FII/DII/Promoter holding increasing YoY is a good sign Worth following for support formation (positional view)
While all the auto stocks were moving, NSE:ATUL remained silent. Finally it is ready to move now. Trendline breakout strongly done, re-test complete and now heading for inverted H&S breakout. Once it breaks out, 7000+ levels will be there soon. One can expect some strong sales data as a trigger at the beginning of next month.
ZFSTEERING GEAR made a breakout from 2-month long bullish Head & Shoulders on good volume. Its momentum has entered bullish territory, and the Relative strength to CNX 500 is above the average line and rising. On the fundamental front its EPS and sales have been rising over the last 4 years. Also, over the last 4 quarters EPS has been rising, the last quarter was...
The two year YTD Annualised yield is closer to 30%, four consecutive half years of positive gains. Previous history 2002 Jan over 2004 Dec, up 300% followed by down 16% Next Comes Jan 2009 till Dec 2011 up 130% down following two half years around 33% The best continuous remains 8 half years that is near four years Jan 2016 till Dec 2019 but returns are 89%...
NIFTY 50 is currently forming a pole and flag pattern.
Wockhardt is breakout from flag pattern and moving towards a target of 800+, ~60%upside. Other factors: 1. Volumes have again started picking up 2. RSI is above 60 on a daily basis 3. MACD is becoming positive 4. Dec quarter results are shows sign of getting better - Revenue has increased and loss has reduced "Clean Charts, Easy Charts" Learning & Earning!! Cheers!!
Five continuous Quarters of Upmove. Three continues weekly moves. End of half year, all allocations and NAV are taken care, back to the results season, add to that dash of Budget expectations. Coming to expectations, market is in deep in-neck expectations and hence there are some disappointments and then there can be some surprises. It is the net that matters....
A Retest in the stock market refers to a situation where a stock or market index approaches a significant technical level (support or resistance) that it has previously touched, and traders and investors are watching to see whether it will break through that level or bounce off it. This is a key moment because it can signal a potential change in the stock's direction.
BTCUSDT forms a lower high and lower low at 1Hr time frame if it satisfies the trend line above we could see downward movement to nearly 58k enter when the candle rejects at the trendline. Trade will fail when the candle closes above the trend line. proper risk management and capital management are very very important rather than getting profits please use...
NSE:POONAWALLA proved out to be a multi-bagger with 4X returns in last 24-30 months. Stock has corrected and is now available at support. Strong promoters and growth can give more returns.
Good morning, friends! 🌺🍬 Here are the directions for July 1st: The global market is showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bearish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 20 points (as of 8:00...
BankNifty experienced a solid correction in the previous session. If you count the sub-waves, it is in the 5th sub-wave. Here, if the initial market takes a pullback or finds support around the immediate support level (50%), we can expect a 38 to 61% pullback wave. Alternatively, if there is a solid decline initially, the correction could continue, meaning the...
BBTC Bombay Burmah stock is getting ready to break the channel after 2017. If the above price holds then a target like 3125/4670 can be seen in short to medium time. Stock volume is also doing very well. 74% promoters and 10% FIIs have maintained their positions. BBTC